B2Holding ASA's subsidiary in Croatia, B2 Kapital d.o.o., received notice on 4
May 2023 from the Croatian Data Protection Agency, AZOP, of a fine against the
subsidiary on grounds of alleged breaches with GDPR regulations. The fine
amounts to EUR 2,265,000.
B2Holding as a Group works to the highest standards in environmental, social,
governance and regulatory matters, and attend to any alleged breaches as a
matter of the highest priority.
The conclusion of a thorough assessment made by B2Holding and its independent
professional advisors is that no data leakage by B2 Kapital d.o.o. has been
substantiated and that there has been no leak of confidential information
relating to clients or debtors from the company's IT systems. Thus, B2Holding
disagrees with the allegations in AZOP's decision.
B2Holding remains committed to maintaining the highest data protection standards
and to a continued open and constructive dialogue and cooperation with any
central or local authority on compliance and regulatory affairs, including AZOP
in Croatia.
B2Kapital d.o.o. will appeal the decision from AZOP.
For further information, please contact:
Rasmus Hansson
Head of Commercial Strategy and Investor Relations, B2Holding ASA
Mobile: +47 952 55 842
E-mail: rh@b2holding.no